Page 1115 - Company News

Morgan Stanley names banking veteran Ted Pick as investment bank's next CEO

Pick has served as co-president of Morgan Stanley for the past two years

Improvement in Q3 key to reversal of Jubilant FoodWorks' fortunes

Brokerages downgraded ratings, accompanied by 18% revision in earnings

Renault, Nissan get CCI nod for rebalancing of existing cross-shareholdings

Renault will continue to benefit from the economic rights of those shares until they are sold

McLeod Russel to sell Vietnam unit Phu Ben Tea Company for $2.15 mn

Subject to the completion of the sale, PBTCL would cease to be a subsidiary of BTHL and a step-down subsidiary of McLeod Russel

SBI mulls to raise up to Rs 10,000 cr tier-II bond issue next week

The bonds are rated AAA by consulting and rating firms CRISIL and India Ratings

India will lead world in use of 5G for interesting applications: Ericsson

The India Mobile Congress-2023 is all set to begin on Friday in New Delhi with the theme of 'Global Digital Innovation'

Vodafone Idea Q2 results: Consolidated net loss widens to Rs 8,738 crore

Its consolidated revenue from operations was almost flat at Rs 10,716.3 crore during the reported quarter against Rs 10,655.5 crore in the September 2022 quarter

Corning-Optiemus JV to roll out 1st Made in India smartphone glass by 2024

Initially, the smartphone cover glasses will be given premium finishing in the new facility to be built as part of the 70:30 joint venture between Optiemus and Corning

PTC to divest 100% equity in energy arm for Rs 2,021 cr enterprise value

PTC Energy was established in August 2008 as a subsidiary of PTC India to play a pivotal role in India's emerging energy sector through asset-based businesses

Coromandel International Q2 results: Net profit rises 2% to Rs 755 crore

Coromandel's total income for the quarter ended September 2023 was at Rs 7,033 crore, versus Rs 10,145 crore for the quarter ended September 2022

Nokia bags WiFi6-ready broadband gear deal from Tata Play Fiber

Finnish telecom gear maker Nokia on Thursday said it has bagged a broadband gear supply deal from Tata Play Fiber to launch India's first WiFi6-ready broadband network.

Piaggio Vehicles sells about 26,000 units of electric 3-wheelers in 2023

Piaggio Vehicles, he noted, appointed 11 dealership network across Tamil Nadu following the launch

Valvoline targets double-digit market share growth in India over 5 years

The company is striving to establish a comprehensive ecosystem for its customers, offering a full spectrum of products, including lubricants, grease, diesel exhaust fuel, and more

Case to break up Google hinges on 'four taps and a swipe': Report

Microsoft ended up losing its monopoly trial, but after an appeal the company settled in the early aughts with the Justice Department

Mobikwik's Zaakpay gets in-principle nod to operate as payment aggregator

The Reserve Bank of India has allowed the payment gateway to onboard new merchants to its platform

Infosys, Smart Europe ink 5-year pact to redefine e-mobility experience

Infosys said it will leverage its technical expertise and design thinking-led consulting approach to enable Smart Europe GmbH to derive "exceptional value" from software, data, and cloud investments

PMI Electro Mobility raises Rs 250 crore from Piramal Alternatives

The funds will be used to develop innovative solutions, bring technological advancements to its production capabilities and scale its operations

Ola Electric raises Rs 3,200 cr from investors, SBI to fund EV biz

Ola Electric was selected by the government under its ambitious cell PLI scheme, receiving a maximum capacity of 20 GWh

Unilever CEO Schumacher's strategy plan fails to excite investors: Report

Consumer goods industry has struggled for more than two years with soaring costs

Wardwizard to invest Rs 2,000 cr to develop EV ancillary cluster in Gujarat

With a significant Rs 2,000 crore investment, we fortify the local ecosystem, generating 5,000 employment opportunities and driving a greener, self-reliant India, Yatin Sanjay Gupte said